No. We need to use our brain.

Glad that you acknowledge sharing is caring for free, there is some free sites to learn too. Trust investor or trader should use their brain, not eye.

Remember last time when a trainer promoting a software trading system training with free preview and no obligation, cp who does not believe in that system assisted to provide his opinion. Trust there is no wrong doings if someone caring from the forum giving their views now. Perhaps someone attended his course can enlighten how well they are doing now. In total how much they pay for tuition and subscription for stock watch.

Just to be fair, there is nothing wrong paying subscription, as am paying close to 1000 annually to some financial sites.

Better late than never, anyway all the best to you cpteh.

Just a contructive criticism, hope you do not mind, know that you are free to write, you may want to improve to write tactfully :)

Sorry, am free to write too.

Majority don't know being a human, any statistics to support this.

Do not get me wrong, everyone is free to give their view. Knowing you are a teacher, morally just feel not right using word like fxxx in expressing your view. Most parents will teach their kids to respect teacher. Just my view :)

Being a teacher, it may not be appropriate to use filthy words in public forum, though it may attract readers. Otherwise, people may think our country's teacher is so uneducated and low standard, you may not mind but there are people mind.

No offense, confuse and conflict.

Teaching like i am smoking and I ask you not to smoke. Someone teaching TA no confident to use TA to trade too.

"That is stupid punting, I admit." - you admitted. logical ? scam ?

Blog dated Thu, 4 October 2012 in i3

KLCI new high

you said

AMedia : This is one crazy ride ... I was chatting with my group, it dived to 0.70, quickly I grabbed 0.725 and parked 0.78 ... then chat with them and they told me, CP ... your 5kunits at 0.78 done! Arghh ... oh no, it went above 0.80 ... count-down ... 0.85 ... 0.90 ... shoot me!! I gained enough for dinners tmr. That is stupid punting, I admit. When I was chatting with them, it was at 0.73 levels, ok? Haha ... now, it is at 0.87.




The above blog

you said


Finally, everyone in the market talks about AMedia. I do not buy into her as it is in ACE-market.



You mind explain as i am learning ?

Start with reality, give it a thought then come back to reality. Don't think too hard, think smart.  Can play efficient with more efficient players ?  They are smarter than us.

Beside monkey story, heard of the fisherman story ? Cast a net, let the small fish swim through and catch the big fish. 

Selamat Hari Raya to all.

Ok. If Dennis can find or choose his group, that is possible, trader can be trained. :)

Not everyone can be trader, like not everyone can be singer or doctor. But everyone can be investor, like buying amanah saham malaysia or bond fund.

:)

Cimb ? Read this at the edge by the group CEO "strong leaders hire people smarter than them", humble guy with visions

Dow theory :)

Fear is stronger motivator than greed, the bear can bid up the price aggressively.

Am seeking for the answer too, I think we find out together after the election. I think don't worry man if you use TA signals, I think can just ignore the sentiment :)

I think good choice. The sell signal i refer is generated by the software mentioned above. Then let's monitor the sell signal generated by the software above, give it some time, maybe there is some delay in processing. Am trying to find out the signal to dispose some before election. Cheers

Bro Horison, if you're newbie, before understand the signals, try find out if you prefer FA or TA or both, well, both methods are proven method, nothing wrong, happy investing & trading. cheers.

Base on the filing, epf still acquiring and ytl still buying back. Wonder if this 2 big players will sell base on the sell signal :)

Ytl is selling the ytlpwb to its shareholders, no doubt at a discounted price, but still need to convince the ytl shareholders that ytlp is good if they wish them to take up and execise them, think with this ytlp get more cash...

Could it be a window dressing month, fund manager may want to make their fund look good.. But do hope something coming for this counter :)  as ytl and stareit has gone up.

i'm still holding ytlp, highest is 2.2 (since last year, stop buying till lately), last month manage to accumulate more below 1.6

i don't play contra or margin, only invest with the money i can afford, and feel comfortable to accumulate defensive stock like ytlp and telco stocks

Ned patience for this counter... Look like epf accumulating this counter again

extracted this from the malaysian invest blog, just to share the information, bcos some of us do share some same view ..

can someone call boss to verify the information .. lol

share market is very high risk, but high risk high return.. invest at your own risk :)

Wednesday, May 16, 2012

What could be the reason for YTL selling YTLPower's warrants?

YTL Corporation, the holding company for Yeoh Tiong Lay and family has been selling some 110.9 million warrant B shares of YTL Power over the last 2 months. At the same time, YTL Power's shares has dropped from around RM1.88 to its current price of RM1.57, around 16% drop. During the same period, the warrant, YTL-WB dropped from RM0.65 to RM0.40, a 38% drop. It is quite unusual for shareholders to continue to throw a utility company like YTL Power as usually it is regarded as a defensive stock - unless they are having the feeling that insiders are selling. What could possibly be the reasons for the disposal of the warrants?


As at 15 May 2012

Number of Shares
Yeoh Tiong Lay (family) 4,025,649,031
Total shares (Paid up) 7,326,603,729
Percentance Holding of common 54.95%


Warrant(RM1.21)
Yeoh Tiong Lay (family) 84.03%
Total shares (Paid up) 1,176,793,281
if all excercised by YTL 988,859,394
How much they would need to inject (RM) 1,196,519,867


Assuming all warrant exercised
-------------------------------
Yeoh Tiong Lay's shares 5,014,508,425
Total shares incl. warrant exercised 8,503,397,010
Percentage Holding of shares by
Yeoh Tiong Lay (family) 58.97%

Note: Last 2 months YTL Corp sold 110.9 million shares


Based on the above table, YTL's family control of YTL Power is safely at 55%. This is without assuming all the current YTL-WB warrants are exercised. If all the warrants are exercised, their control would have increased to 59%. Why? They are still holding a whopping 84% of the outstanding warrants mostly held via YTL Corporation. To exercise all the warrants (RM1.21 per warrant), it would have to use up RM1.2 billion of YTL Corporation's cash. As at 2011, YTL Corp has RM2.1 billion cash at company level. At the same time, it has RM1.65 billion debt.

Note, the family controls YTL Corp through a 47.92% shareholding.


1. YTL Corporation - the entity that has been selling the Warrants for the last 2 months is not looking at holding that many warrants - that's for sure. This is because it does not see itself injecting so much of YTL Corporation's cash into YTL Power. Over the years, both companies (especially YTL Corp) have been buying back stocks. By doing that, and with the current share holding, they are definitely not worried of their stakes diminishing.

2. At company level, you would have noticed that YTL Corp does not hold that much cash. Its cash is only at net RM500 million. Yes, they would be able to raise more cash from future dividends as the warrant is not due until 2018 but again, they would prefer the minority shareholders to fork out the cash for exercising the warrants rather than them.

3. By selling, YTL Corp can at least maintain or sustain the dividend payment ratio of the group assuming the income will be consistently improving. This will also preserve its cash ratio. By selling the warrants, YTL Corp gains cash whereas by exercising the warrants, YTL Corp will need to put in more cash into YTL Power.

4. The recent MGO for YTL Cement was an all share deal which does not involve cash at all. So, we probably can see that they have tried to use as little cash as possible in their deals.

5. The YTL Cement deal has also caused the Yeoh's family holdings in YTL Corp to reduce from 52.72% to 47.92%. They have 2 ways to increase their holdings back to 50% or more (if its any important) - share buyback or YTL Corp and / or more acquisitions of the shares via the family vihicel. To do that, YTL Corp will need more cash - either by issuing more dividends off the holdings or buying back shares. They can and may do both. I however foresee, YTL Corp to be more active in buying back its shares, as what they are doing currently.

6. Hence, the selling of the warrants does not depict that the family is perceiving its share price to be expensive. It is just an insider action which is more strategic for the family than anything.

Note: If insider is selling / buying (especially in Malaysia), there could be a reason that they want you to know that they are selling or buying. What more for a company such as YTL Power which has been listed for so long. Note that the selling is done by another listed co, YTL Corp - not its private entity.

Interesting...  base ytl filing, ytl has been buying back its shares, look like the management stil confident,  wah the amount spend look like more than net profit of many company in klse..

Also, look like boss very confident in his YES 4G, if this network is sucessful huh, wonder what would be ytlp share price.

Ya, thik blue chip counters has yet reach the level that is attractive and worth taking some risk..

market looks very tempting now, any counters that are "election-proof" to watch out ? so that when it drop unreasonably, it is worth a try.. haha

Dont know la, but if telco company drop like mad, i thik i will buy la, either party win, im stil using maxis for my hp, tm for my housephone, i wont cut my house electricity, tnb stil there.... Haha... maybe there is some risk la, like political reasons...

He is in England, hope the market will not go Holland bcos a lot of ppl shopping for cheap stock in the market..

Thanks for the advice. Its worth waiting under this market conditions, may be bigger sales is coming.

when it reach that price, look like the ytlpwb wil be attractive...

ytlp is a cash rich company, cash is king, wonder how low the share price can go !!!

Spend a lot to share buy back YTL, next week probably publish the quarterly report, first one after privatise cement.. Good or no good, see next week

Why boss keep disposing the ytlpwb, funny..

Is it a good counter to buy if below 4?